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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
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September 24, 2026
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Direct tax payment gateway integration enables nationwide payments through digital options, branch channels, and customers' respective internet-banking services.
IDFC FIRST Bank's payment-gateway integration for Central Board of Direct Taxes collections enables Direct Tax payments through UPI, credit cards, debit cards, Retail and Corporate Internet Banking, and branch-based cheque, demand draft, or cash payments. Customers of other banks may use their own internet-banking facilities through the gateway. Taxpayers create a challan on the Income Tax e-Filing Portal, select Payment Gateway and IDFC FIRST Bank, choose a payment mode, complete payment, and download or print the paid challan. Payment confirmations are also accessible.
September 24, 2026
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Insurance distribution controls target commissions, expenses and loan-linked sales, reshaping bancassurance arrangements and intermediary remuneration structures.
IRDAI's consultation proposals for insurance distribution contemplate lower Expenses of Management limits, tighter commission controls, and greater control over loan-linked insurance practices. The prospective framework concerns insurer and intermediary remuneration, distribution expenses, and bancassurance fee structures. Reported concerns centre on potential effects on insurer earnings, intermediary economics, and lending-linked distribution arrangements; the measures are not described as final operative obligations or enforcement action.
September 24, 2026
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Personal loan eligibility and repayment planning: loan variants and digital applications remain subject to assessment, verification, and applicable terms.
Eligible customers may seek collateral-free personal loans within stated amount, tenure and interest-rate ranges. Loan amount, interest rate and tenure determine the EMI and total interest payable, while calculator results are estimates rather than final repayment obligations. Eligibility includes nationality, age, employment and credit-score conditions, but approval, final pricing and loan amount remain subject to lender assessment, document verification and applicable terms. Online applications require personal, financial and employment details and KYC verification.
September 24, 2026
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Nidhi company deposits lack insurance protection, requiring verification of government declaration before relying on high-return promises.
Each company seeking to function as a Nidhi must file Form NDH-4 for declaration or updated Nidhi status and comply with the Companies Act, 2013 and applicable Nidhi Rules. Nidhi companies may accept deposits and grant loans only to members. Public investors should verify declared Nidhi status rather than rely on unusually high-return promises, agent representations, or informal assurances. Deposits with Nidhi companies are not insured by the Deposit Insurance and Credit Guarantee Corporation, and recovery may be difficult where a company fails or fraud occurs.
September 24, 2026
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FCNR(B) liquidity deployment remains within banks' discretion, guided by credit pipelines, asset-liability positions, and prudent underwriting standards.
Banks retain full discretion to deploy liquidity mobilised through FCNR(B) deposits, based on their credit pipeline, lending proposals, liquidity outlook and asset-liability position. No sector-specific direction applies to use of these funds. FCNR(B) deposits are fixed-term foreign-currency deposits in which principal and interest are repayable in the same foreign currency, protecting non-resident depositors from direct rupee exchange-rate risk. Continued prudent credit appraisal and underwriting standards are expected.
September 24, 2026
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Compulsory Muslim marriage registration shifts registration to registrars under a statewide procedural framework, with local officials authorised when needed.
Compulsory registration of Muslim marriages will operate under the Assam Muslim Marriage Registration (Compulsory) Rules, 2026, framed under the Assam Compulsory Registration of Muslim Marriage and Divorces Act, 2024. Registration will be undertaken by registrars, with panchayat-level officials potentially authorised where application volumes require additional capacity. The framework addresses the registration forum after kazis were barred from registering Muslim marriages.
September 24, 2026
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Macroeconomic resilience supports fiscal consolidation, financial-sector stability, and orderly foreign-exchange management through persistent global and market shocks.
Policy management emphasises clear communication, policy certainty, macroeconomic and financial-sector stability, efficient use of buffers, and sustained structural reform. Fiscal prudence is treated as necessary to avoid unsustainable stimulus and preserve long-term stability. External-sector resilience rests on services exports and remittances, while oil and gold shocks and weaker capital inflows have created temporary balance-of-payments pressure. Further improvement is linked to lower oil dependence, export diversification, trade agreements, capital inflows and orderly foreign-exchange market management.
September 24, 2026
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Software export growth strengthens IT ecosystem as campus expansion supports startup activity, infrastructure development, and skilled employment.
Software export revenue generated by Technopark reached Rs 17,092 crore in FY 2025-26, reflecting year-on-year growth of approximately 17.3 per cent. Growth is attributed to IT infrastructure, a skilled talent base, and company performance. Technopark also operates as an IT and ITeS hub and startup ecosystem centre, with ongoing campus development intended to expand its position among major IT hubs.
September 24, 2026
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
IIEST Shibpur and Tata Consultancy Services have entered into a Memorandum of Understanding to establish an Artificial Intelligence Centre of Excellence at the Electrical Engineering Department's high-performance computing laboratory. The collaboration supports industry-aligned training, professional certifications, practical projects, supervised internships, startup mentorship, curriculum benchmarking, and applied research in natural language processing, computer vision, image processing, and advanced data analytics.
September 24, 2026
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Money-laundering searches prompt protests over alleged political misuse while operations continue at public development offices and residences.
Enforcement Directorate search and survey operations connected with a money-laundering investigation continued at development authority offices and premises linked with housing administration, a realty company, and private residences. AAP workers protested against the searches, alleging political and administrative pressure through central investigative agencies. The party further alleged that the operations could disrupt the development authority's functioning and impede Punjab government welfare schemes.
September 24, 2026
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Money-laundering investigation procedure raises allegations over FIR registration, conflict concerns, and the choice between police, vigilance, or federal inquiry.
A police inquiry, rather than a Vigilance inquiry, was directed following an Enforcement Directorate communication seeking registration of an FIR for cognizable offences. It was contended that FIR registration should be dealt with by the police and that governmental or ministerial intervention would raise concerns where a person facing allegations is involved in deciding the investigative course. A transfer to a federal investigative agency was sought on grounds of investigative independence and perceived conflict of interest.
September 24, 2026
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Trade truce extension maintains tariff pauses and export-restriction rollbacks while negotiations continue on broader economic commitments.
United States-China trade relations may remain governed by the Busan Agreement through January 10 under a stated two-month extension, though Chinese official confirmation is pending. The arrangement maintains pauses on elevated tariffs and prior rollbacks of restrictions affecting critical minerals and high-technology exports. Negotiations may produce a broader economic package or further continuation of existing terms, while implementation of agreed commitments is under review. The parties have also proposed reciprocal alerts on AI-related hacking incidents involving national-security concerns.
September 24, 2026
Show AI Summary
Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
Show AI Summary
Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
Show AI Summary
BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
September 24, 2026
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Wildlife trafficking enforcement applies protected-species safeguards to seized Tokay Geckos and enables further statutory action against suspected illegal trade.
Wildlife-trafficking enforcement led to interception of two persons and seizure of 86 live Tokay Geckos under the Wildlife (Protection) Act, 1972. Tokay Geckos receive Schedule I protection under that legislation and are listed in Appendix II of CITES, regulating international trade. The persons and recovered geckos were transferred to the Mariani Range Forest Office for further action.
September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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Trump's transactional approach to diplomacy driving force on world stage

March 9, 2025

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Washington, Mar 9 (AP) Donald Trump, the real estate developer turned commander in chief, is laying bare his style of diplomacy in the early weeks of his new term: It's a whole lot like a high-stakes business deal, and his No. 1 goal is to come out of the transaction on top.

The tactics are clear in his brewing trade war with Canada and Mexico, in his approach to Russia's war on Ukraine and in his selection of the first country he will visit in his second term.

“President Trump approaches diplomacy and engages in a very transactional manner, with economics as the foundation and driving force behind international affairs," retired Lt. Gen. Keith Kellogg, the president's special envoy to Ukraine and Russia, explained at an event in Washington this past week.

For Trump, it's about leverage, not friendship; dollars as much as values; and hard power versus soft.

It's not just a matter of negotiating style. At stake is the post-World War II international order as Trump's actions raise doubts about American leadership around the globe.

He's shaping a foreign policy that's more inward looking and conscious of the bottom line, dismissing American soft-power levers such as the US Agency for International Development as dubious and riddled by waste and suggesting that the United States might not defend fellow NATO members that aren't meeting defence spending benchmarks set by the alliance.

Politics and presidents to a certain degree are all transactional. But Trump, who helped make himself a household name by burnishing an image as an intrepid real estate dealmaker, is taking it to another level as he navigates an increasingly complicated world.

The Republican president, in his previous life as a real estate titan, saw every deal as one in which there were clear winners and losers. In his return to the White House, he is more demonstrably injecting a what's-in-it-for-me approach to his dealings with both friend and foe.

Money talks Edward Frantz, a University of Indianapolis historian who has studied the American presidency, said Trump's “ledger” approach might not be the most practical way to conduct diplomacy.

Frantz observed that Trump, 78, a baby boomer and football fan, seems inspired in his foreign policymaking by the ethos of legendary pro football coach Vince Lombardi, who famously said, “Winning isn't everything. It's the only thing.” “But diplomacy, especially in a more complicated world, might be more like soccer,” Frantz said. "Sometimes you just need a tie. Sometimes you need to just survive and move on.” Trump on Thursday told reporters that he has decided to make Saudi Arabia the first overseas visit of his new term because the oil-rich kingdom has agreed to make a huge investment in the United States over the next four years.

“They've gotten richer, we've all gotten older. So I said, 'I'll go if you pay a trillion dollars, USD 1 trillion to American companies,'” Trump said. He also made the kingdom his first overseas stop during his first White House term after the Saudis promised USD 450 billion in US investment.

Trump acknowledged that the United Kingdom, one of America's oldest allies, has traditionally been the first stop for US presidents. But money talks.

Who has the cards' matters to Trump In his dealings with Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin, Trump has highly focused on who has the leverage. Putin has “the cards” and Zelenskyy does not, Trump has said repeatedly.

Zelenskyy appeared to be making some strides in assuaging Trump after their recent rocky meeting in the Oval Office ended with Trump and Vice President JD Vance criticising the Ukrainian leader for what they said was insufficient gratitude for the tens of billions of dollars in US assistance provided in the three years since Russia invaded.

Zelenskyy said later that how that meeting went down was “regrettable".

He also made clear he was ready to sign off on a minerals deal with the US — even without the explicit American security guarantees sought by the Ukrainians — that Trump wants.

In his Tuesday address before a joint session of Congress, Trump acknowledged Zelenskyy's fence-mending efforts. Trump also announced plans to send top advisers to Saudi Arabia this week for talks with Ukrainian officials.

But soon Trump was back to criticizing Zelenskyy, saying he does not have the leverage to keep fighting the war with Russia.

“I'm finding it more difficult, frankly, to deal with Ukraine, and they don't have the cards,” Trump said. “In terms of getting a final settlement, it may be easier dealing with Russia, which is surprising, because they have all the cards." Trump departs from years of US scepticism toward Russia Trump's push on Zelenskyy — and pivot toward Moscow — marks a significant departure from traditional US foreign policy toward Russia since the Cold War.

Others before Trump, including Presidents Bill Clinton, George W. Bush and Barack Obama, have tried resets with Russia, but perhaps never at a time as fraught. Deep scepticism toward Moscow, even in the best moments in the relationship, has been the standard operating posture in both Republican and Democratic administrations.

But Trump, who ran on a promise to quickly end the war, has veered from Democratic President Joe Biden's approach of making no major decision that could impact Ukraine without Kyiv's involvement.

At the same time, the new Republican administration has taken steps toward a more cooperative line with Putin, for whom Trump has long shown admiration.

Trump has ordered a pause on U.S. military aid for and intelligence-sharing with Kyiv, halted offensive cyberoperations against Russia by US Cyber Command and disbanded a programme aimed at seizing the assets of Russian oligarchs as a means to punish the Kremlin for its invasion.

Keeping an eye on the ledger Kellogg, who also served in Trump's first White House, recalled seeing Trump's “transactional diplomacy approach” early in the first term. Kellogg said that the president's first question in meetings with foreign leaders was often the same.

"As I found the very first time we were in the Cabinet room when a foreign official came in, the comment was, 'What is the trade imbalance between our two nations?" Kellogg recalled, speaking at the Council on Foreign Relations event.

The trade ledger has been top of mind for Trump as he argues that for too long America has been played by friends and adversaries, including neighbours Canada and Mexico.

Trump last week announced 25 per cent tariffs on many imports from Mexico and some imports from Canada amid widespread fears of the economic fallout from a broader trade war. He then postponed most of them.

The White House insists the pending tariffs are about stopping the smuggling of fentanyl. Trump has also at times suggested that the tariffs could be resolved by fixing the trade deficit.

The president on Friday was back to excoriating Canada, this time complaining about policies he said are hurting American dairy farmers and the lumber industry. He said he will act soon to even the ledger with Canada through reciprocal tariffs.

"Canada has been ripping us off for years on lumber and on dairy products,” Trump said.

Canadian Prime Minister Justin Trudeau, whom Trump has taken to belittling as the governor of America's 51st state, said his country will not be backing down from Trump's trade war.

The episode has underscored Trump's willingness to embrace hard power to resolve differences, even if it means testing one of the world's most durable and amicable alliances.

The centre-left Trudeau was so flummoxed by Trump's move that he found himself quoting the sharply conservative Wall Street Journal editorial page to make the point that this fight was unnecessary.

“It's not in my habit to agree with the Wall Street Journal," Trudeau said. "But Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do.” (AP) PY PY

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